re: Ann: Brasher 1 Yegua Gas Discovery and Te... Bankruptcy??
They are about to complete a $3 million rights issue.....how are they going bankrupt?
For that same calculation you use I get $518 a day so around 190k per year but at least they have production and this will only increase with more drilling, when more wells come online. The production rate is exactly what they had predicted anyway so why be unhappy?
Their cash burn is perfectly normal for a junior oil company.
Everyone is waiting for the next two Wilcox wells...this well was just the start....their revenue will substantially increase if one of these next wells are successful.
Just a question tinman.....If you think bankruptcy is close why are you invested in BUR?? Obviously you can see the potential of their upcoming drills.
re: Ann: Brasher 1 Yegua Gas Discovery and Te......
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BUR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.969M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 209999 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 72553 | 2 |
View Market Depth
| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| BUR (ASX) Chart |
Day chart unavailable